Tesla Yahoo Finance

Previous Close 639.30
Open 640.30
Bid 648.30 x 1100
Ask 648.97 x 800
Day’s Range 639.60 – 662.91
52 Week Range 608.88 – 1,243.49
Volume 30,880,590
Avg. Volume 28,695,063
Market Cap 673.697B
Beta (5Y Monthly) 2.13
PE Ratio (TTM) 87.88
EPS (TTM) 7.40
Earnings Date Jul 25, 2022 – Jul 29, 2022
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 908.47

Can you imagine a town without a single Tesla  (TSLA) – Get Tesla Inc. Report on the road. Given how prominent they’ve become since Elon Musk first founded the company in 2003, it may seem like something from the long-gone past.

But as first reported by Reuters, one district in northern China is making that a reality this summer.

The district of Beidaihe is banning all Tesla cars from entering its territory for the next two months. It is home to a beach resort in the norther Hebei province, which borders the Bohai Sea coast and is home to some 74 million people.

Why Is This District Banning Teslas?

The reason for the ban is not so much about maintaining a tranquil, car-free coast but the fact that Beidaihe hosts an annual ultra-secretive summit of top Chinese leadership.

The event is always mired in secrecy — particular from foreign observers. The exact dates are never announced and, each year, some coverage of it emerges only after the summit has already taken place.

“Ostensibly an annual break for [China’s top leaders] to switch off and relax on the long beaches of the fabled northern resort town, it has also become an occasion when the country’s most powerful could spend time glad-handing, logrolling and tittle-tattling each other, making it the most watched unofficial event in the nation’s political calendar,” journalist William Zheng wrote for the South China Post in 2020.

A Beidaihe Traffic Police Brigade told Reuters that the Tesla ban was instituted due to a matter of “national affairs.”

He did not provide additional information on why Tesla was targeted as opposed to any other foreign car while Tesla, which disbanded its PR team, could not be reached for comment.


Muhammad Haroon Mushtaq is a highly skilled and experienced SEO expert. With years of experience in the field, he has a deep understanding of search engine algorithms and ranking factors, as well as a strong track record of success in helping clients improve their search engine rankings and drive traffic to their websites. Whether you are looking to improve your local SEO, optimize your website for specific keywords, or develop a comprehensive online marketing strategy, Muhammad Haroon Mushtaq has the knowledge and expertise to help you achieve your goals. His passion for digital marketing and dedication to delivering results make him a valuable asset to any team or business looking to succeed online. If you are looking for expert guidance on SEO, Muhammad Haroon Mushtaq is an excellent choice. You can follow him on LinkedIn to stay up-to-date on his work and learn more about his experience and expertise in the field of SEO.

Related Articles

Check Also
Back to top button